Sipp provider Suffolk Life has reported a significant increase in the number of capped drawdown applications in the lead up to 6 April when the opportunity to set up new plans disappears.

HMRC and the Treasury have confirmed a long list of tax changes coming into effect today (1 April). Read more ...

Soon-to-be-retirees are coming under increasing strain as they try to financially support their families, research has found. Read more ...

The Information Commissioner's Office, the body responsible for uphold information rights, is to probe allegations that firms have passed on sensitive individual pensions data. Read more ...

The latest complaints data published by the Financial Conduct Authority shows that financial services firms received 2,183,540 new complaints (including those related to PPI) between July and December 2014. Read more ...

The Institute of Financial Planning has opened for entries its prestigious David Norton "Building Excellence" award. Read more ...

Defaqto chairman Patrick Gale is to leave the company following a £27.6m MBO of the business funded in part by Synova Capital LLP, which hopes to double the company in size after taking a majority stake. Read more ...

FCA chief executive Martin Wheatley has voiced concerns about abuses of Power of Attorney potentially "spiralling" out of control and adversely affecting vulnerable clients. Read more ...

Sesame Bankhall Group has axed its wealth management arm for advisory firms which will result in all its investment advice firm members having to become directly authorised or choosing to become appointed representatives elsewhere. Read more ...

Coutts International, the overseas arm of the private bank, has been sold by Royal Bank of Scotland today. Read more ...